Expands presence in Abu Dhabi with new on-shore and off-shore projects

Al Shafar General Contracting (ASGC) has stated that it has massive expansion plans, despite enormous challenges faced by the construction industry in the UAE over the last year. It says that it will make major announcements at the The Big 5 show in Dubai, from November 22 to 25.

Bishoy Azmy, CEO, ASGC, will be among the key speakers at the Big 5 Construction Conference, and will talk on the need to maintain growth and client satisfaction in the current challenging environment.

In this context, he said: “Our industry has no doubt been hit hard by the downturn. However, despite increasingly challenging market conditions, we have maintained a quality construction order book.

“Effective management of the company’s resources and calculated response to risk helped us to successfully overcome a critical period. There is still some way to go before we emerge from the crisis. But we are confident that our strategy to expand our presence in more resilient markets like Abu Dhabi, Egypt, KSA, Qatar, Kuwait, Oman, Bahrain and Libya will pay off. In addition, we are looking into opportunities in CIS and other Asian countries.”

ASGC says that it is well supported by its sister companies providing a broad array of specialised contracting services and construction materials, as it has over 16 companies under its umbrella. Also, in an effort to mitigate falling demand in commercial and residential sectors, ASGC is looking to boost its exposure in more secure, higher-margin contracts, it has announced. “We have recently established ASGC Al Shafar Oilfield Contracting, which is based in Abu Dhabi and will focus on providing building services in the on-shore and off-shore oil gas fields,” Azmy said.